Joint venture debt

 

Some of the Group’s joint ventures have secured loans which are non-recourse to the Group. As at 31 March 2017, the Group’s share of these secured loans amounted to £85 million, broken down as follows:

Borrower Lender Amount outstanding Maturity date
The Great Ropemaker Partnership RBS & Credit Agricole CIB £90.0 million
(GPE share £45 million)
December 2020
The Great Victoria Partnership Canada Life £80.0 million
(GPE share £40.0 million)
July 2022